Immaculate Petstock & Veterinary Clinic Investment in Booming Torquay
Description
Burgess Rawson is pleased to offer to market Petstock (including sub lease to Fur Life Vet), located at 1 & 2/10-12 Winki Way, Torquay VIC for sale via Auction Investment Portfolio 172.
The property has the following key investment highlights:
+ Seven (7) year net leases to Petstock to December 2027 plus options to 2041.
+ Petstock: pet food retail giant with 276 stores across AUS, ASX listed Woolworths recently acquired majority ownership for $586M.
+ Includes complementary sub-lease to Fur Life Vet clinic.
+ Fur Life Vet: wholly owned subsidiary of ASX listed Apiam Animal Health, Australia’s largest rural and regional veterinary group with 78 locations. (1)
+ Investor preferred net lease terms with Petstock paying all usual outgoings including insurances as per the leases.
+ Favourable annual CPI reviews.
+ Immaculate 1,130sqm* premises across two units including Petstock showroom and sub lease to Fur Life Vet clinic.
+ Important rear loading via two roller doors.
+ Direct access to 55 sealed and lined car spaces.
+ As new, with 2020 construction completion.
+ Directly adjoining ALDI supermarket and amongst Bunnings, Shell/Mycar, Reece Plumbing, Tyrepower and Torquay Medical Hub.
+ High profile position with direct exposure to Surf Coast Highway, with 25,500 vehicles passing daily. (2)
+ Booming Torquay North growth corridor location with population forecast to surge 39.86% by 2046 to 25,992 residents. (3)
+ Torquay: iconic seaside destination, gateway to Great Ocean Road, median house price up 49% to $1.2m over past 5 years. (4)
+ Surf Coast Shire: Australia’s surfing capital and popular tourist destination with an annual economic output of $3.95 billion (3)
+ Potential 50% stamp duty saving.
+ Net Income: $253,027pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 30 October 2024
River Room – Crown Casino, Melbourne
Also available as part of Burgess Rawson’s October Portfolio auction:
4/10-12 Winki Way, Torquay VIC (Little Starfish Swimmers)
1. Apiam Animal Health
2. GapMaps
3. Remplan
4. Realestate.com.au
Enquire
Contact agents
Beau Coulter Partner
0413 839 898Sam Mercuri Sales Executive
0413 830 709Shaun Venables Partner
0411 860 865Enquiry Form
Torquay, VIC
1 & 2/ 10 Winki Way
For Sale by Portfolio Auction
This property is part of Portfolio 172
Price: Contact Agent
Contact agents
-
Beau Coulter Partner
0413 839 898 -
Sam Mercuri Sales Executive
0413 830 709 -
Shaun Venables Partner
0411 860 865